5550 Grasmere Avenue, Maple Heights, OH 44137

• 4 beds |
• 1 bath |
• 924 sqft

Property Description

ATTENTION INVESTORS: TURNKEY HIGH-END CASH COW IN MAPLE HEIGHTS — $2,350/MO, 100% SUBSIDIZED This fully remodeled SFH is a true cashflow machine, currently rented at $2,350/mo through EDEN (HUD-funded, similar to Section 8) with 100% subsidy — no tenant portion and significantly reduced collection risk. Month-to-month tenant is cooperative and gives you maximum flexibility: keep the strong cashflow as-is, or plan a future move-out to reposition, flip, or push rents even higher. The home was completely rebuilt with brand-new everything: new kitchen with quartz countertops, new cabinets and hardware, stainless steel appliances, brand-new refrigerator and stove, brand-new furnace, brand-new hot water tank, and fully updated full-tile bathroom with modern backlit vanity mirrors. Four large bedrooms (two on the main level, two up) make this a highly desirable layout and a strong rent-per-square-foot performer. The property shows normal cosmetic wear from a living tenant but remains fully updated; if the tenant ever moves out, a light cosmetic refresh is all that's needed to make it show like brand new again. The huge, clean, dry basement offers value-add potential for two additional bedrooms, with comps suggesting rent could push $3,100+ if/when re-approved by the subsidy provider for new tenant if desired. This one offers multiple exit strategies: keep it as a high-yield EDEN cash cow, finish the basement and drive rents higher, or turn it as a retail flip in a VERY STRONG MAPLE HEIGHTS market. Fully rehabbed, high-end finishes, modern updates, well maintained, low-maintenance asset, fully occupied, major cashflow. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SUBSIDIZED PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS. Do not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer. Artistic marketing renders and photos are transferable to buyer for future use in listings.

Listing Status:

Active

Data Last Updated:

April 1, 2026 at 6:20PM

Listing Office:

Team Results Realty : 614-382-2124

Listing Agent:

Scott A Marvin : 614-382-2124

MLS ID:

5190367

Interior

• Appliances: RangeRefrigerator
• Basement: Full
• A/C: None
• Heating: Forced AirGasGravity
• Fireplace: Fireplaces: 0

Exterior

• Style: Traditional
• Other Structures: PorchDeckScreenedPatio
• Parking: DetachedGarage

Construction

• Roofing: Shingle
• General: BrickVinyl Siding2Block

Location

• Originating MLS: NOWDD_NORM
• School District: Maple Heights CSD - 1818
• County: Cuyahoga

Lot

• Zoning: 13 MAPLEBORO#2 0109 ALL781-15-101

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM